STOCK TITAN

Hyundai Motor North America Announces Promotions Among National Market Leadership Teams

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Hyundai Motor North America has announced key promotions within its executive team, effective August 1. Randy Parker becomes CEO of Hyundai Motor America, overseeing U.S. operations. Edgar Carranza is named CEO of Hyundai Motor Mexico. Promotions also include Tedros Mengiste as Vice President of Genesis Sales Operations, Bob Kim as Vice President of National Sales, and David VandeLinde as Vice President of After-Sales for Hyundai Motor America. The leadership changes aim to continue the brand's growth and market share expansion in North America.

Positive
  • Randy Parker's leadership expected to drive U.S. sales growth.
  • Edgar Carranza's appointment enhances oversight in the Mexican market.
  • Promotion of Tedros Mengiste may boost Genesis brand performance.
  • New leadership aims to strengthen Hyundai's market share across North America.
Negative
  • None.
  • Randy Parker is Named CEO of Hyundai Motor America
  • Edgar Carranza is Named CEO of Hyundai Motor Mexico
  • Tedros Mengiste is Promoted to Vice President, Genesis Sales Operations, Genesis Motor America
  • Bob Kim is Promoted to Vice President, National Sales, Hyundai Motor America
  • David VandeLinde is Promoted to Vice President, After-Sales, Hyundai Motor America

FOUNTAIN VALLEY, Calif., July 28, 2022 /PRNewswire/ -- José Muñoz, president and chief executive officer, Hyundai Motor North America (HMNA) announced today the promotion of five key members of his HMNA executive team. The five promotions are effective Aug.1. 

Randy Parker is promoted to CEO of Hyundai Motor America (HMA). Parker will be responsible for Hyundai's commercial automotive operations in the United States and report to Muñoz. Parker was previously the senior vice president of national sales at HMA. 

Edgar Carranza is promoted to CEO of Hyundai Motor Mexico. Carranza will oversee commercial automotive operations in Mexico reporting to Muñoz. Carranza was previously the chief operating officer of HMM. 

Tedros Mengiste is promoted to vice president, Genesis sales operations, Genesis Motor America.  Mengiste will continue to oversee Genesis sales, production, distribution, incentives, and field operations in the United States. He will continue to report to Claudia Marquez, chief operating officer, Genesis Motor North America. Mengiste was previously the executive director of Genesis sales. 

Bob Kim is promoted to vice president, national sales, Hyundai Motor America. Kim will oversee sales and field operations in the United States and report to Parker. Kim was previously the general manager of the southern region.

David VandeLinde is promoted to vice president, after-sales, Hyundai Motor America. VandeLinde will continue to be responsible for leading dealer service programs and operations, parts and accessory sales, and owner marketing, and will report to Parker.

"I am excited to have Randy and Edgar leading these two markets in North America," said Muñoz. I know that they will continue the remarkable growth and expansion of the Hyundai brand that we have experienced during the past three years. And having Ted and Bob leading sales efforts for GMA and HMA will ensure we continue to increase market share across both brands in the U.S."

Hyundai Motor North America
Hyundai Motor North America (HMNA) was established in 2018 to provide strategic oversight of Hyundai Motor America, Hyundai Motor Canada, Hyundai Motor Mexico, Genesis Motor America, and Genesis Motor Canada. HMNA also provides operational oversight of Hyundai Motor Manufacturing Alabama. HMNA's 1,400 dealerships sold 956,000 Hyundai and Genesis vehicles in 2021, a 22% increase compared with 2020. HMNA is committed to achieving long-term sustainable growth and promoting Hyundai's global vision of 'Progress for Humanity.'

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-north-america-announces-promotions-among-national-market-leadership-teams-301595542.html

SOURCE Hyundai Motor North America

FAQ

Who is the new CEO of Hyundai Motor America?

Randy Parker has been named the new CEO of Hyundai Motor America.

What key positions were filled in Hyundai Motor North America?

Randy Parker becomes CEO of Hyundai Motor America, Edgar Carranza is CEO of Hyundai Motor Mexico, along with other promotions in sales and operations.

When will the new leadership at Hyundai Motor North America take effect?

The promotions will take effect on August 1.

What is the impact of these promotions on Hyundai's market strategy?

The new leadership is aimed at continuing Hyundai's growth and increasing market share in North America.

How did Hyundai perform in 2021?

Hyundai Motor North America sold 956,000 vehicles in 2021, which was a 22% increase compared to 2020.

HYUNDAI MOTOR REG S

OTC:HYMTF

HYMTF Rankings

HYMTF Latest News

HYMTF Stock Data

36.42B
43.85M
0.13%
Auto Manufacturers
Consumer Cyclical
Link
United States of America
Seoul